Ethereum (ETHUSD) takes a brief look above 350
The rebound in the cryptocurrency space yesterday allowed for Ethereum (ETHUSD) to take a welcome breather.
Ripple reclaims some upside
Yesterday, Ripple (XRPUSD) traded to as low as 0.2196 after it had broken below the noted support level at 0.2290.
Bitcoin steady following rebound yesterday
The quite sharp rebound seen yesterday in many of the leading cryptocurrencies was led by Bitcoin as it ricocheted back above 10,700.
Bitcoin jumps back above 10,700
Bitcoin has gotten a reprieve this afternoon, buoyed by a further rebound in the US equity markets. The move higher in the Nasdaq 100 has now extended to as high as 10,997 a short while ago.
Ethereum (ETHUSD) suffers a further fall towards $300
Yesterday it was noted here that all the while Ethereum (ETHUSD) remained below 350 there was a risk of further losses. Well, that is exactly what happened last night.
Ripple (XRPUSD) takes out support at 0.2290
Late yesterday evening as the US equity markets were sliding into the close the price of Ripple (XRPUSD) broke below an important support level that had been highlighted here many times previously.
Bitcoin edges closer to 10k again
Given the moves in the equity and risk markets over the past 12 hours, Bitcoin has actually done quite well to hold above 10,000. The low seen overnight and so far today has been set at 10,198.
Ethereum (ETHUSD) still struggling to reclaim $350
The recent breakdown below $350 in Ethereum (ETHUSD) has ensured the price has remained subdued below that level so far this week. The price touched 331 Monday, but has tried to rebound since.
Ripple (XRPUSD) holds onto 0.2290 but doubts remain
Since the last update here on the progress of Ripple (XRPUSD); it has managed to hold above the noted support level at 0.2290.